Aliko Dangote, President of Dangote Industries Limited, has commented on petrol prices. He notes that petrol is relatively cheaper in Nigeria compared to neighbouring countries. This price difference has led to cross-border smuggling, as traders seek higher returns by moving petrol across borders.
Dangote suggests considering petrol prices in relation to those in neighbouring countries, where consumers pay 30 to 50 per cent more. He made these comments in an interview, discussing the issue of rising petrol prices.
Further details on Dangote's comments are available from the source, including his interview with Arise Television.
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